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Mastering QuickBooks 2021

You're reading from   Mastering QuickBooks 2021 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Jan 2021
Publisher Packt
ISBN-13 9781800204041
Length 414 pages
Edition 2nd Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (26) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. QuickBooks Online Advanced 4. Company File Setup 5. Migrating to QuickBooks Online 6. Customizing QuickBooks for Your Business 7. Managing Customers, Vendors, Products, and Services 8. Section 2: Recording Transactions in QuickBooks Online
9. Managing Sales Tax 10. Recording Sales Transactions in QuickBooks Online 11. Recording Expenses in QuickBooks Online 12. Reconciling Downloaded Bank and Credit Card Transactions 13. Section 3: Generating Reports in QuickBooks Online
14. Report Center Overview 15. Business Overview Reports 16. Customer Sales Reports in QuickBooks Online 17. Vendor and Expenses Reports 18. Section 4: Managing Employees and Contractors
19. Managing Payroll in QuickBooks Online 20. Managing 1099 Contractors in QuickBooks Online 21. Section 5: Closing the Books and Handling Special Transactions
22. Closing the Books in QuickBooks Online 23. Handling Special Transactions in QuickBooks Online 24. Shortcuts and Test Drive 25. Other Books You May Enjoy

Setting up payroll in QBO

Setting up payroll in QBO can be done in seven easy steps. First, you will navigate to the Payroll tab and select the Get started button. Next, you will select the payroll plan you wish to subscribe to. After selecting a plan, you will enter basic information for each employee, including their name, email, and hire date. The next step requires you to select a payment schedule and enter the employee's pay rate, deductions, and withholdings from their W-4 form. If the employee chooses direct deposit, you will need to have them complete a direct deposit authorization form. Repeat these steps for each employee and setup will be complete.

Follow these steps to set up payroll in QBO:

  1. Click on Payroll on the left menu bar to navigate to the Employee Center, as shown in the following screenshot:

  1. Activate the payroll by clicking on the Get started button, as indicated in the following screenshot:

  1. On the next screen, you will have the...
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